“No it’s not a cult!” were my exact words to my boss when I first shared that I had a group of friends who I had been friends with for an average of 14 years. Whoever said 20 children cannot play together for 20 years obviously hasn’t met the Sisters of Fortune a.k.a “The Sisters”.

The Sisters are a group of 7 friends (me inclusive, but I’m sure you already figured) who are very intentional about spirituality, relationships, MONEY, and goals. We really don’t play with money😄. Two of us who have been friends for more than 20 years started ‘doing money together’ since we were in primary school. During our break-time (recess) we would combine our money together and buy candy and biscuits in bulk so that it can ‘sustain us for longer’. Even then, we had sense. 😏

You would agree with me that in the world of personal finance, trust is a currency on its own. And thanks to technology, trust is now very tangible. For the Sisters, It’s not just the shared secrets, childhood memories, and an uncanny ability to finish each other’s sentences—it’s also about making savvy financial decisions together. We all run several joint accounts together, to address different financial goals that pertain to celebrations, investments, general savings, enjoyment, etc. If you’re still on the fence about opening a joint account with your clan, it’s time to consider why this move could be your ticket to financial fortune.

1. United Pockets, One Purpose

Having a financial ally who understands your financial goals as intimately as you do is one thing I do not take for granted. With a joint account, we pool our resources for common financial objectives, whether it’s planning a birthday party, gifts, saving for a down payment on a trip, or even starting a business together. These shared financial goals create a strong sense of purpose and commitment for us.

2. Budgeting, Collaborative Style

   For the Sisters, when it comes to budgeting, several heads are better than one. With our joint account we make more effective budgeting and smarter financial decisions. We come together and brainstorm creative ways to trim expenses and boost savings, all while keeping each other accountable for those impulse purchases.

3. Emergency Backup

Life is unpredictable, and financial emergencies can happen when you least expect them. We have a joint account where we just throw money in as a financial backup plan that we can rely on in times of need. Whether it’s covering medical bills, vacation mishaps, or unexpected joint expenses, It serves as our financial safety net.

4. Streamlined Bill Management

With our joint account, there’s no need to navigate the hassle of splitting bills or settling group expenses, particularly during any of our trips. Our joint account simplifies the process for us and promotes seamless cooperation.

5. Investment Adventures

We also explore the world of investing. If you’ve ever considered dipping your toes into the world of saving and investing, a joint account can be an excellent starting point. Pooling your resources can lead to more substantial investments and diversified portfolios. Just think—stocks, bonds, and maybe even a joint venture into the exciting world of cryptocurrency!

6. Celebrate Financial Milestones Together

Achieving financial milestones is a cause for celebration, and it’s even more rewarding when you can do it with your sister. Whether it is paying off a debt or achieving our savings goals, we applaud all our individual and joint financial victories.

7. Financial Education and Accountability

Sharing a joint account can also be an opportunity for mutual financial education. We learn together, attend financial workshops, and hold each other accountable for financial decisions. It’s like having a personal finance cheerleader by your side.

Because we are 7 Sisters of Fortune, lol, I have shared with you seven reasons why you should open that joint account now with your trusted allies. In a world where trust and partnerships matter, a joint account with your ‘peoples’ can be a financial match made in heaven. For the Sisters it’s not just about managing money; it’s about building a stronger, more resilient financial future together. So, whether you’re saving for a rainy day or planning to travel the world, remember that when you combine financial forces with others, you grow faster financially and you go farther goal-wise.

Dera.